Amazon Trading Analysis (21/11/2024)
The trend is ascending. The stock is trading in a range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
- Buy on the formation of the rising wave structure.
- Stop-loss at 199.07..
- Price targets at 207.24 and 214.74.
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